Dot Hill Systems Corp. (HILL) Misses Q3 EPS by 3c, Offers Outlook

Dot Hill Systems Corp. (NASDAQ: HILL) reported Q3 EPS of $0.00, $0.03 worse than the analyst estimate of $0.03. Revenue for the quarter came in at $52 million versus the consensus estimate of $53.96 million.

Fourth Quarter and Full Year 2014 Outlook:

The Company expects fourth quarter 2014 non-GAAP net revenue to be in the range of $62 million to $68 million and non-GAAP earnings per share in the range of $0.07 to $0.12 per fully diluted share.

"Based on our development and some of our customer's launch schedules, we have been anticipating a back-end loaded 2014, particularly in our Vertical Market's business," stated Hanif Jamal, CFO, Dot Hill Systems Corp. "The midpoint of our fourth quarter guidance represents 25% non-GAAP revenue and 250% non-GAAP EPS sequential growth and is an indication of our confidence in a strong Q4 revenue inflection which should set us up very well for a solid 2015."

For earnings history and earnings-related data on Dot Hill Systems Corp. (HILL) click here.

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